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The Angel Fund Initiative of the Nigerian Society of Chemical Engineers Foundation (NSChEF)

The Angel fund Initiative of the Nigerian Society of Chemical Engineers Foundation (NSChEF) is aimed at enhancing the entrepreneurial capacity of young chemical engineering graduates, in line with the mission of the Nigerian Society of Engineers which is to provide quality service aimed at enhancing professional competence and development of its members at all times.
The demand for teak wood is ever increasing and has a return on Investment of about 100% with low risks. Teak wood (Tectona grandis) is a huge, tropical tree and yields excellent quality wood, making it one of the most well-known timbers in the world.
The aim of this business is to cultivate one (1) hectare plantation and process 100 Fresh Fruit Bunches of tenera oil palm to produce palm oil, palm kernel oil, and palm kernel cake. This business would ensure that part of the domestic market’s demands are met and it would also create job opportunities.